Bitcoin tumbles more than 50% below its all-time high as crypto plunges again
CNN
So much for bitcoin being digital gold.
The world's most valuable cryptocurrency was down 5% Monday after plunging again over the weekend. Bitcoin prices have now plummeted nearly 15% in the past week. At a price of just below $33,000, bitcoin is more than 50% below its record high of near $69,000 from late last year and at its lowest point of 2022.
Other cryptocurrencies, sometimes referred to as altcoins, have been hit hard too. Ethereum, binance, solana and cardano are all down about 15% in the past week, while Elon Musk's beloved dogecoin has tumbled 10%.
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